Bitcoin Today (27.12.2018)

The previous day scenario remains for today, the price is flattening-out along the $ 3700 level after the Monday fall.

Nonetheless, the $ 3700 level still shows it’s supportive character by actively holding the price above itself. There is not much news and happenings due to upcoming holidays, so we do not expect any strong movements in the nearest week. So, BTCUSD will probably stick to support zone $ 3500 – $ 3700, only breaching below $ 3500 could lead to more active downward movements; and will be bound by the psychological $ 4000 and past peak $ 4300 from above.

Today forecast

Trading
Bounds: $ 3500 – $ 4000.

Latest

🔹 Year-Ahead Predictions 2019

Next year, the Bitcoin dominance index will
be 66%, and the cryptocurrency market will move to the stage of maturation and
consolidation. In addition, the international financial system must adopt
Bitcoin in order for it to survive. This assumption was put forward by analysts
from research firm A.T. Kearney in the Predictions for 2019 report.

The researchers also suggested that in the
coming year, financial regulators will soften their position on the crypto
industry. The report says that the treasury committee of the British parliament
wants to put an end to the “Wild West” on the cryptocurrency market. That is
why in 2019, the regulator will develop solutions to combat industry crime and
reduce price volatility.

At the same time, analysts say, the US
Securities and Exchange Commission (SEC) will take a positive decision
regarding Bitcoin ETF and continue to work to increase market
transparency.

“Ironically, for the cryptocurrency, the only
viable way forward is acceptance by the international financial system, which
Bitcoin once sought to win. Realizing this, in 2019 the newly created
Blockchain Association will begin lobbying American politicians in order to
improve the image of cryptocurrencies, ” – A.T. Kearney.